Miami International (NYSE:MIAX) Director Murray Stahl Sells 121,054 Shares

Miami International Holdings, Inc. (NYSE:MIAX) Director Murray Stahl sold 121,054 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $40.92, for a total value of $4,953,529.68. Following the completion of the transaction, the director directly owned 4,689,466 shares of the company’s stock, valued at approximately $191,892,948.72. The trade was a 2.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Miami International Stock Up 2.3%

Shares of NYSE:MIAX traded up $0.95 during mid-day trading on Wednesday, reaching $42.99. 830,094 shares of the company’s stock were exchanged, compared to its average volume of 1,332,729. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The firm has a market cap of $3.50 billion and a price-to-earnings ratio of 2,149.50. The firm’s fifty day simple moving average is $42.59.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International’s revenue was up 14.0% on a year-over-year basis.

Institutional Trading of Miami International

Large investors have recently modified their holdings of the business. Mad River Investors lifted its position in Miami International by 0.6% during the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after acquiring an additional 450 shares during the period. State of Wyoming bought a new stake in shares of Miami International in the 4th quarter worth approximately $26,000. National Bank of Canada FI purchased a new stake in shares of Miami International in the 3rd quarter worth approximately $29,000. First Trust Advisors LP increased its position in Miami International by 3.5% during the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock valued at $962,000 after buying an additional 733 shares in the last quarter. Finally, Coastal Bridge Advisors LLC boosted its holdings in Miami International by 1.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after acquiring an additional 850 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MIAX shares. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley increased their price objective on Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Keefe, Bruyette & Woods upped their target price on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Finally, Piper Sandler increased their target price on shares of Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.00.

About Miami International

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.